The Latest Breaking News from Defense Spending

WASHINGTON — The latest defense spending law would subtract about 7% from the president’s request for numerous Pentagon chemical and biological defense programs on the grounds that they need to be more effectively executed.

The United States applauded Japan's decision to double defense spending by 2027, U.S. Secretary of State Antony Blinken said on Wednesday, ahead of planned talks later this week between President Joe Biden and Japanese Prime Minister Fumio Kishida.

Beijing slammed the U.S. for passing a defense spending bill that included provisions for Taiwan.

China blasted an annual US defense spending bill for hyping up the “China threat" while Taiwan welcomed the legislation, saying it demonstrated US support for the self-governing island that China says must come under its rule. “China deplores and firmly opposes this US move,” the Foreign Ministry said in a…

China has blasted an annual U.S. defense spending bill for hyping up the “China threat” while Taiwan welcomed the legislation, saying it shows U.S. support for the self-governing island that China says must come under its rule

President Joe Biden has signed a nearly $858 billion defense spending bill into law despite his opposition to a Republican-backed provision in the legislation that repeals the COVID-19 vaccination requirement for U.S. troops

Japan’s Cabinet has approved record defense spending next year in preparation for the country deploying U.S.-made Tomahawks and other long-range cruise missiles as part of a more offensive security strategy

Heightened geopolitical tensions have led to an increase in defense spending. The U.S. defense sector has seen a surge in demand thanks to the rising defense budgets of several countries. Therefore, investors could take advantage of the industry tailwinds by investing in fundamentally strong defense stocks Lockheed Martin (LMT), General…

Congressional leaders have unveiled a $1.7 trillion spending package early Tuesday that includes another large round of aid to Ukraine, a nearly 10% boost in defense spending and roughly $40 billon to assist communities across the country recovering from drought, hurricanes and other natural disasters